Resolution Number SJCHA 19-06-04-01 RESOLUTION NO. SJCHA 19-06-04-01
A RESOLUTION OF THE SAN JUAN CAPISTRANO HOUSING
AUTHORITY AMENDING THE FISCAL YEAR 2019-20 OPERATING
, BUDGET AND AUTHORIZING APPROPRIATIONS RELATED THERETO
WHEREAS, on June 11, 2018, the San Juan Capistrano Housing Authority
adopted Resolution No. 18-06-11-01 adopting the Fiscal Years 2018-19 and 2019-20
Operating Budget; and,
•
WHEREAS, the information not available at the time of budget adoption
requires an adjustment to the Fiscal Year 2019-20 Adopted Budget in order to deliver the
services expected by the Authority; and,
WHEREAS, the Authority has been presented with and has accepted and
approved the Fiscal Year 2019-20 Amended Budget; and,
WHEREAS, the Housing Authority recognizes that the Proposed Budget will
require adjustments from time to time, and accordingly, the SJCHA Executive Director is
authorized to execute necessary transfers to carry out the scope of services as approved.
NOW, THEREFORE, BE IT RESOLVED, that the San Juan Capistrano
Housing Authority does hereby determine that:
1. The Proposed Fiscal Year 2019-20 Operating Budget in accordance with
Exhibit A attached hereto is hereby adopted.
2. Total appropriations for each fund may only be increased or decreased
by the Authority Board by amending the budget, except as provided herein.
3. The legal level of budgetary control is at the fund level. Budgets may not
, legally be exceeded at the fund level without appropriate authorization by the Authority
Board. Budgeted amounts for individual classifications within a fund may be exceeded as
long as the total annual budget for that fund is not exceeded.
4. The following controls are hereby placed on the transfer of budgeted
funds:
a. The SJCHA Executive Director may authorize transfers of funds from
account to account within any department.
b. The SJCHA Executive Director may authorize transfers of funds from
department to department within any fund equal to or less than $50,000. ,
c. The SJCHA Executive Director may delegate the authority to make
budget transfers and adjustments equal to or less than $10,000.
1 6/4/2019
d. The SJCHA Executive Director may authorize budget adjustments
involving offsetting revenues and expenses. The Housing Authority
Executive Director may authorize increases in an appropriation for a
specific purpose where the appropriation is offset by unbudgeted
revenues, which are designated for said specific purpose.
5. All appropriations for outstanding encumbrances and projects underway
and remaining unexpended at June 30, 2019, as approved by the SJCHA Executive
Director or his designee, are hereby appropriated to the Fiscal Year 2019-20 Operating
Budget.
PASSED, APPROVED, AND ADOPTED this 4th day of June 2019.
GI
SERO FARIAS, CHAIR
MAR v �O'RIS, SECR• A'Y
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARIA MORRIS, appointed Housing Authority Secretary of the San Juan Capistrano
Housing Authority of the City of San Juan Capistrano, do hereby certify that the foregoing
SJCHA Resolution No. 19-06-04-01 was duly adopted by the Commissioners of the
San Juan Capistrano Housing Authority at a regular meeting thereof, held the
4th day of June 2019, by the following vote:
AYES: j ICo MMISSIONERS:Reeve, Maryott, Bourne and Chair Farias
NOES • u MMISSIONERS:None
ABSENT: MMISSIONERS:Taylor
\ ,
MARIA M'4 : ' ' , OUSING AUT-71 RITY SECRETARY
6/4/2019
SAN JUAN CAPISTRANO HOUSING AUTHORITY
FISCAL YEAR 2019/20
BUDGET SUMMARY
Projected Projected
Beginning Operating Ending
Balance Revenues Expenditures Balance
7/1/2019 FY 2020 FY 2020 6/30/2020
Housing Authority Administration Fund
Unrestricted Net Position-Available $ 1,049,891 $ 24,100 $ (68,705) 1,005,286
Non-Spendable-Noncurrent Receivables&Prepaids 5,129,951 - - 5,129,951
Investment in Capital Assets 4,506,835 - - 4,506,835
Total Housing Authority Administration Fund 10,686,677 24,100 (68,705) 10,642,072
Little Hollywood Rental Housing Fund
Unrestricted Net Position-Available 673,219 195,500 (230,955) 637,764
Successor Agency Housing Bonds Fund
Restricted Net Assets-Affordable Housing Projects 5,868,903 30,000 - 5,898,903
C HOUSING.AUTHORITY-TOTAL y '$ .17,228,799 $ 249,600 -$ (299,660) $ 17,178,739
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EXHIBIT A- Page 1 of 4
SAN JUAN CAPISTRANO HOUSING AUTHORITY
HOUSING AUTHORITY ADMINISTRATION FUND
FISCAL YEAR 2019/20 UPDATE
ADOPTED AMENDED ADOPTED PROPOSED PROPOSED
Description 2018/19 2018/19(1) 2019/20 ADJUSTMENTS 2019/20
PROJECTED REVENUE AND OTHER SOURCES
Rental Income $ 4,100 $ 4,100 $ 4,100 $ - $ 4,100
Investment Interest 5,000 5,000 5,000 15,000 20,000
TOTAL- PROJECTED REVENUES AND OTHER SOURCES: 9,100 : 9,1007" 9,100•rt 15;000 24,100
ESTIMATED EXPENDITURES AND OTHER USES
Board Stipends 3,000 3,000 3,000 - 3,000
Legal Notices 200 200 200 - 200
Legal Services 1,000 1,000 1,000 - 1,000
Financial Services 7,100 7,100 7,100 - 7,100
Annual Conferences 100 100 100 - 100
Office Supplies 500 500 500 - 500
Housing Administrative Charges 13,675 13,675 14,080 30,065 44,145
Rental Subsidy Program 12,660 12,660 12,660 - 12,660
[TOTAL"=ESTIMATED;EXPENDITURES AND'OTHERFUSES" 38,235' ` . ' .38,235 ' . 38,640 30,065' 68,705 1
CURRENT YEAR REVENUE OVER(UNDER) $ (29,135) $ (29,135) $ (29,540) $ (15,065) $ (44,605)
(1)Per the City's Fiscal Year 2018/19 Third Quarter Financial Report that was approved by the City Council on May 21,2019.
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EXHIBIT A- Page 2 of 4
SAN JUAN CAPISTRANO HOUSING AUTHORITY
LITTLE HOLLYWOOD RENTAL HOUSING FUND
FISCAL YEAR 2019/20 UPDATE
ADOPTED AMENDED ADOPTED PROPOSED PROPOSED
Description 2018/19 2018/19(1) 2019/20 ADJUSTMENTS 2019/20
PROJECTED REVENUE AND OTHER SOURCES
Rental income $ 195,000 $ 195,000 $ 195,000 $ - $ 195,000
Miscellaneous revenue 500 500 500 - 500
119_1:1i1.7171-11, OJECTED REVENUES-MD OTHER SOURCES. 195,500 ; : 195,500 195,500 195,500
ESTIMATED EXPENDITURES AND OTHER USES
Management Services 150,000 150,000 150,000 - 150,000
Grounds and Building Maintenance 23,500 23,500 23,500 - 23,500
Building Improvements 18,500 18,500 18,500 - 18,500
Legal Services 5,000 5,000 3,000 - 3,000
Outside Contract Services 600 600 - - -
Utilities 2,700 2,700 2,700 - 2,700
Housing Administrative Charges 5,965 5,965 6,145 27,110 33,255
(TOTAL-ESTIMATED EXPENDITURES AND OTHER USES 206,265 206,265 203,845 27,110 230,955
CURRENT YEAR REVENUE OVER(UNDER)EXPENDITURES $ (10,765) $ (10,765) $ (8,345) $ (27,110) $ (35,455)
(1)Per the City's Fiscal Year 2018/19 Third Quarter Financial Report that was approved by the City Council on May 21,2019.
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EXHIBIT A- Page 3 of 4
SAN JUAN CAPISTRANO HOUSING AUTHORITY
SUCCESSOR AGENCY HOUSING BONDS FUND
FISCAL YEAR 2019/20 UPDATE
ADOPTED AMENDED ADOPTED PROPOSED PROPOSED
Description 2018/19 2018/19(1) 2019/20 ADJUSTMENTS 2019/20
PROJECTED REVENUE AND OTHER SOURCES
Investment Interest $ 30,000 $ 30,000 $ 30,000 $ - $ 30,000
rOTAL=PROJECTED REVENUES ANVOTHER SOURCES - 30,000 30;000 30,000 30,000 I
ESTIMATED EXPENDITURES AND OTHER USES
Loan to Seasons Apartments approved by CC 11.1.16 1,000,000
ITOTAGISTIMATED EXPENOITURESAND OTHER USES -1,000,000 -
CURRENT YEAR REVENUE OVER(UNDER)EXPENDITURES $ 30,000 $ (970,000) $ 30,000 $ - $ 30,000
(1)Per the City's Fiscal Year 2018/19 Third Quarter Financial Report that was approved by the City Council on May 21,2019.
EXHIBIT A- Page 4 of 4